Zhejiang Yasha Decoration Co.,Ltd agreed to acquire Zhejiang Shunyi Engineering Construction Co., Ltd. from Zhejiang Lianghu Construction Co., Ltd. for CNY 110 million.
August 09, 2021
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Zhejiang Yasha Decoration Co.,Ltd (SZSE:002375) agreed to acquire Zhejiang Shunyi Engineering Construction Co., Ltd. from Zhejiang Lianghu Construction Co., Ltd. for CNY 110 million on August 7, 2021. The purchase price shall be paid within 90 days from the date when both Zhejiang Yasha Decoration and Zhejiang Lianghu Construction complete the registration procedures for the industrial and commercial change of the equity transfer involved in this agreement. The date when the industrial and commercial change registration of the equity transfer under this agreement is completed is the equity delivery date. The purchase price shall be paid using the own funds of the company. After the completion of this transaction, Shunyi Construction will become a wholly-owned subsidiary of the company. Zhejiang Yasha Decoration at the 15th meeting of the Fifth Session of the Board of Directors reviewed and approved the transaction. The transaction does not need to be submitted to the company’s general meeting of shareholders for deliberation.
ZHEJIANG YASHA DECORATION CO., LTD is a China-based company principally engaged in the design and construction of decoration engineering of buildings. The Company operates its businesses primarily through building decoration projects, building curtain wall projects, landscaping projects and others. The Company is also engaged in the production and sales of decoration products. The Company operates its businesses within domestic and overseas markets.
Zhejiang Yasha Decoration Co.,Ltd agreed to acquire Zhejiang Shunyi Engineering Construction Co., Ltd. from Zhejiang Lianghu Construction Co., Ltd. for CNY 110 million.